U.S. consumers sentiments rebounded in April as inflation continued to ease, with the University of Michigan’s consumer sentiment index climbing to 63.5 in April from 62.0 in March. “Despite the increasingly negative news on business conditions heard by consumers, their short and long-run economic outlook improved modestly from last month,” the survey’s director Joanne Hsu said.
So, this could be the right time to scoop up consumer goods stocks Unilever PLC (UL) and Yue Yuen Industrial (Holdings) Limited (YUEIY). These stocks are A (Strong Buy) rated in our proprietary system.
